Tilray And Aphria Complete Merger, Creating $8.2 Billion PlayerMay 4, 2021
Cannabis companies Tilray and Aphria have completed their previously announced merger. The combined company had a market cap of approximately $8.2 billion based on the closing stock prices on April 30. The merged company will be known as Tilray and will continue to trade on the NASDAQ, while joining the Toronto Stock Exchange under the TLRY symbol on May 5.
Aphria chairman and CEO Irwin Simon will hold the same titles at the new Tilray. With the merger behind it, the new company says it’s well-positioned to compete both globally and in the U.S., where it owns SweetWater, the Atlanta-based cannabis lifestyle branded craft brewer, and Manitoba Harvest, a pioneer in branded hemp, CBD, and wellness products with access to 17,000 stores in North America.—Daniel MarstellerSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning. You will also receive the Cannabis edition as part of your subscription.